The 1994–95 Australian Baseball League Championship was won by the Waverley Reds, who finished the season with a 17-game winning streak.
The Reds faced the 4th place Sydney Blues in the semi-final and won 2–0, while the 2nd placed Perth Heat defeated the East Coast Cougars 2–1 to win a spot in the Championship Series.
The Reds won the first two games of the championship series 5-1 and 4–2, with the third game not being required.